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A Resolution approving a project for the benefit of Allegheny Health Network, a nonprofit corporation organized under the laws of the Commonwealth of Pennsylvania, to be financed by the Allegheny County Hospital Development Authority (the “Authority”) by the issuance of one or more series, from time to time, of the Authority’s Health Facilities Revenue Bonds (Allegheny Health Network), Series 2017 (or similar designation) (collectively, the “Bonds”) to be issued in an aggregate principal amount not to exceed $1,000,000,000, provided that the taxing power of the County of Allegheny, Pennsylvania, shall not be obligated in any way with respect to the Bonds and determining that the purpose of the financing will be to benefit the health and welfare of the citizens of Allegheny County, Pennsylvania.
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Whereas, Allegheny Health Network will request that the Authority finance the “Allegheny Health Network Project” hereafter described by the issuance of the Bonds in an amount not to exceed $1,000,000,000; and
Whereas, the Allegheny Health Network Project (the “Project”) shall consist of all or any portions (as determined by Allegheny Health Network) of the following capital and refunding projects including:
(a) refunding the Authority’s outstanding (i) Variable Rate Demand Hospital Revenue Bonds, Series A of 2010 (Jefferson Regional Medical Center), (ii) Variable Rate Demand Hospital Revenue Bonds Series A of 2008 (Jefferson Regional Medical Center), (iii) Hospital Revenue Bonds, Series A of 2007 (Jefferson Regional Medical Center), (iv) Hospital Revenue Bonds, Series B of 2006 (Jefferson Regional Medical Center), (v) Variable Rate Demand Hospital Revenue Bonds, Series A of 2006 (Jefferson Regional Medical Center), (vi) Variable Rate Demand Hospital Revenue Bonds, Series A of 2000 (South Hills Health System), and (vii) Hospital Revenue Refunding Bonds, Series A of 1998 (South Hills Health System);
(b) refunding the Erie County Hospital Authority’s outsta...
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